| 释义 |
backward supply curve for labour backward supply curve for labour (ECONOMICS) a situation in which an increase in the rate of pay reduces, rather than increases, the willingness to work extra hours. For example, peasants in a traditional economy or students working part-time during a degree course, may have ‘target incomes’, required to supplement income from land or from a grant or loan, and thus choose to work fewer hours as the rate of pay increases. |